Business

Nigeria Targets $10 Per Barrel Cost of Production by 2021

The Federal Government of Nigeria has made its intention to fix the Unit Operating Cost (UOC) of producing crude oil…

5 years ago

Nigeria reaffirms Commitment to Comply with OPEC+ Production Agreement

Following the conclusion of the OPEC and non-OPEC meeting held on June 6th, 2020, Nigeria has reconfirmed its commitment to…

5 years ago

OPEC Calls on Oil Producers to Adhere to Production Adjustment

The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of…

5 years ago

OPEC+ Extends First Phase Production Adjustment till July 2020

The 179th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held via videoconference, on…

5 years ago

Liberia auctions oil blocks online due to Coronavirus outbreak

The Liberian Government is seeking interest from companies on participating in the offshore license round, which was open since April…

6 years ago

Total enters into a giant offshore wind farm project in Scottish North Sea

Paris, – Total has entered into an agreement with SSE Renewables, to acquire a 51% stake in the Seagreen 1…

6 years ago

Chief Sylva clears air, denies reports that Nigeria is yet to comply with OPEC+ Production Cut

The Honourable Minister of State for Petroleum Resources, Chief Timipre Sylva, has cleared the air on media reports that Nigeria…

6 years ago

President Buhari Says Nigeria will Support Adesina for his Re-election as AFDB President

President Muhammadu Buhari has said that Nigeria will stand solidly behind Dr. Akinwumi Adesina in his bid to get re-elected…

6 years ago

DPR Launches 2020 Marginal Fields Bid Round

By Ndubuisi Micheal Obineme Victoria Island, Lagos - The Department of Petroleum Resources (DPR), on behalf of the Federal Government…

6 years ago

Templars Provides Innovative Financing Framework for NLNG’s Train 7 Project

By Olagbaju Adefemi Jackson Lagos, NIGERIA, -- Nigeria LNG Limited (NLNG) has secured $3 billion for the development of its…

6 years ago